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Nov 27, 2012
11/12
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CNBC
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>> look at the market since the election. in fact, global stock markets are flat. u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i actually think there will be bigger buying opportunities if you go through december 31st with negative rhetoric into the new year. that's when things get really nasty here. i don't learn anything from the sound bites from senator reid or boehner or anybody else. these are just negotiations going on. >> all right. >> unfortunately in public. that's my point. >> that's how it's always done. you are so hopeful, bill. >> larry, steve, i'll see you later. >> it's charming, bill. just charming. all right. we have -- >> that's a code word on her part, by the way. >> 13 minutes before the closing
>> look at the market since the election. in fact, global stock markets are flat. u.s. stocks are down 2%. that's like nothing. so basically what's happening is this fiscal cliff is holding down a market that's being boosted by what steve said, better economic numbers, not just in the u.s. china's bottom is going up. we've seen better pmi numbers in europe. monetary expansion is pushing asset spriess up. so again, if you believe there's going to be resolve, and it could well go down. i...
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Nov 28, 2012
11/12
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. >> i'm happy to announce we have elected very recently not even a month a new prime minister, government in place right now. they're moving forward. these changes are already in place. they are ready now starting. they're already forming relationship with many different european and international institutions. things are coming in to train our banks and to be in a joint ventured with us to manage our fund in libya. >> thank you very much for joining us. moving permanently back to libya, his home country. the closing bell on 36 minutes. listen up, nobody wants to live in l.a. the l.a. auto show is huge and underway with all the new things on display. you'll hear all about it with the incoming coo and rising star. keep it here. befe copd... i took my son fishing ery year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. ith symbicort, t
. >> i'm happy to announce we have elected very recently not even a month a new prime minister, government in place right now. they're moving forward. these changes are already in place. they are ready now starting. they're already forming relationship with many different european and international institutions. things are coming in to train our banks and to be in a joint ventured with us to manage our fund in libya. >> thank you very much for joining us. moving permanently back to...
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Nov 29, 2012
11/12
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COM
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nation, i have been saying far month now that once the presidential election is over i hope we'll finally see bipartisan compromise in washington. and i siner is vie mean that i said it. (laughter) sadly, the power-mad democrats decided that just because people voted for them, they're in power. and they're already trampling our freedoms. >> reporter: democrats are proving yet again they will do anything to push through their liberal agenda. now they have gone a step too far. senate democrats with harry reid leading the charge want to drastically change the filibuster in order to limit the republicans' ability to oppose certain legislation. >> stephen: yes, harry reid is trying to stop republicans from blocking certain legislation. for instance, any legislation. he's chipping away at the sacred senatorial institution known as the filibuster which allows the minority party to prevent a bill from coming to a vote simply by speaking non-stop on the senate floor. for instance, by reading the phone book. that's how, in 1974, the d.c. metro area yellow pages were signed into law. (laughter) the
nation, i have been saying far month now that once the presidential election is over i hope we'll finally see bipartisan compromise in washington. and i siner is vie mean that i said it. (laughter) sadly, the power-mad democrats decided that just because people voted for them, they're in power. and they're already trampling our freedoms. >> reporter: democrats are proving yet again they will do anything to push through their liberal agenda. now they have gone a step too far. senate...
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Nov 28, 2012
11/12
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>> that's what washington leaders are elected to do, to lead and govern. i think that's why the private sector is speaking out this way, because this is an issue that we have to educate the public, and we have to press our leaders to address. >> we had a representative on yesterday, democratic representative. he didn't even want to talk about means testing medicare or social security. very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person, and you tell them, guess what, you're going to have to pay more for your health care, that would be like raising their taxes, right? and it would help reduce the problem. but they don't want to talk about that. >> the easiest solution's in front of us. i'm not the expert on medicare or social security. means testing and raising age limits seem to me to be pretty practical solutions as part of the solution, not the total solution, to reducing entitlement spending. >> if you were this the white house today with with the president as many of the nation's leading ceos are, what wou
>> that's what washington leaders are elected to do, to lead and govern. i think that's why the private sector is speaking out this way, because this is an issue that we have to educate the public, and we have to press our leaders to address. >> we had a representative on yesterday, democratic representative. he didn't even want to talk about means testing medicare or social security. very focused on raising taxes on the rich. if you have a millionaire or billionaire elderly person,...
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Nov 28, 2012
11/12
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CSPAN2
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election is over. it must start but there is recognition on both sides that there are many issues that are being debated in this conference in the city and they are all important issues. the most important issue is making sure we double down on entrepreneurship and keep our lead, build on early. we know we need to do. we now need to build up our partisan coalition to make sure happens. >> i just want to say, to have a fight this is exactly, this is a doctor what we need to do. george bush didn't do this either. we outsource to the congress providing a things and that's a mistake. i also like started things with this lot of agreement. looking outward and trade would help, jobs, something like that so the parties talk to each other by. we don't have to get to these big decisions which were now facing. they don't even know each other and have no idea what their common ground is. that's our problem. >> i would just very much agree with steve's assessment. the concern is with apple and apple does make anyth
election is over. it must start but there is recognition on both sides that there are many issues that are being debated in this conference in the city and they are all important issues. the most important issue is making sure we double down on entrepreneurship and keep our lead, build on early. we know we need to do. we now need to build up our partisan coalition to make sure happens. >> i just want to say, to have a fight this is exactly, this is a doctor what we need to do. george bush...
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Nov 28, 2012
11/12
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election. these were the issues in the election. what organized labor is doing is urging this administration to stand tall. that was the message that was delivered today. we won and these were the issues. they wanted to send you a voucher for your medicare. they want to reform basically everything and take it away. we won the election. now we have to stand tall to make sure we protect the safety net of medicare and medicaid. we should stand tall. there's no sense kicking the can down the line. what they are doing is trying to hold the 98% hostage for the 2% who aren't paying their fair share. every american realizes the rich should pay more money. that's the message we have to deliver. if they are playing that game, it's a losing hand and we're on the right side of this. i think we should say this is what it is. let's have reform. let's make sure we keep tax cuts for 98% of the people. but the 2% have to pay their fair share. >> but mr. hoffa, if we go off the fiscal cliff, you're prepared to d
election. these were the issues in the election. what organized labor is doing is urging this administration to stand tall. that was the message that was delivered today. we won and these were the issues. they wanted to send you a voucher for your medicare. they want to reform basically everything and take it away. we won the election. now we have to stand tall to make sure we protect the safety net of medicare and medicaid. we should stand tall. there's no sense kicking the can down the line....
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Nov 28, 2012
11/12
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FOXNEWSW
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i think that republicans came up the day after the election and said look, we are open to new revenues an we understand we want to get new re-knews -- revenues to generate new revenues but we are open to new revenues. they thought of that with the hope and expectation that democrats would come with specificity on the spending cuts or entitlen'ts. however naive the expectation might have been. what we are seeing now is the president seeming to be entertaining any of a number of suggestions, including going over the cliff or decoupling. that would avoid, allow him to avoid having to prevent specifics on entitlements and spending on the things that the republicans were hoping could bring them together for some kind of a fruitful negotiation. >> bret: is that your take, kirsten? >> not really. i'm not really sure what are the specifics that republicans offer on entitlement cuts? not like they put anything on the table. they are at the point now they are focused on the tax cut. obama feels like he has an upper hand there. he said he wants a grand bargain. he does want a grand bargain. but t
i think that republicans came up the day after the election and said look, we are open to new revenues an we understand we want to get new re-knews -- revenues to generate new revenues but we are open to new revenues. they thought of that with the hope and expectation that democrats would come with specificity on the spending cuts or entitlen'ts. however naive the expectation might have been. what we are seeing now is the president seeming to be entertaining any of a number of suggestions,...
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Nov 26, 2012
11/12
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FBC
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we have burned up three weeks since the election. but only have five more to go, are we going to make it? >> that is the great untold story, there's not that much time after the election to get thanksgiving and christmas. we did not meet a goal after the election, finally had a meeting later in the week down in the white house with the congressional leaders, john boehner, harry reid, mitch mcconnell, and out for thanksgiving solely today are people trying to get back starting to draw the battle lines a little bit. we seem to have burned three weeks which is time is of the essence. david: i'm thinking three years ago obamacare on christmas eve, will it come down to that? >> maybe new year's eve january january 1, mandattry spending cuts kick in on the second of january. you hit on a very important point. congress only ask when there is the gamut swinging over their heads. they often do this around christmas time. it is the final train leaving the station. finishing the christmas shopping and people start to get itchy, i compare it to
we have burned up three weeks since the election. but only have five more to go, are we going to make it? >> that is the great untold story, there's not that much time after the election to get thanksgiving and christmas. we did not meet a goal after the election, finally had a meeting later in the week down in the white house with the congressional leaders, john boehner, harry reid, mitch mcconnell, and out for thanksgiving solely today are people trying to get back starting to draw the...
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Nov 27, 2012
11/12
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FBC
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if you look at the election, i don't think the only mandate i really saw to that was both sides depending on which side of the aisle you are on are very angry about what's going on and the lack of leadership from any of our elected officials so i think it is going to be kind of a can kicking down the road liz but they will come up with some type of resolution. i think that's why the s&ps are really holding on to 100 day moving average. we are a few handles below it on the s&p today. liz: fox business news alert merck is increasing dividend from 42 cents to 43 cents, for shareholders of record december 17th. they are the ones who are going to get this. you are starting to see this behavior teddy where yeah i mean companies are moving it up, moving their dividend gains or whatever they want to do for shareholders before that first of the year. >> i think it's shareholder friendly, liz, but at the end of the day i don't think it means anything. i have lived with ordinary income tax rates on dividends for most of my trading adult life and 0 interest rate environment, you get a company that pa
if you look at the election, i don't think the only mandate i really saw to that was both sides depending on which side of the aisle you are on are very angry about what's going on and the lack of leadership from any of our elected officials so i think it is going to be kind of a can kicking down the road liz but they will come up with some type of resolution. i think that's why the s&ps are really holding on to 100 day moving average. we are a few handles below it on the s&p today....
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Nov 25, 2012
11/12
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CSPAN2
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[applause] and it's a shame it's not part of the dialogue going on in the election. we're going to pay a price for this, and just, you know, the note on your blackberry that we talked about this september 23rd, and when the bridges start burning in or -- in four or five months, i was saying this to somebody. if you remember 9/11, in august of 2001, six weeks before 9/11, there was a top secret intelligence briefing given to president george w. bush. and the headline of that top secret briefing was, and we ran it in "the washington post" after it became a big issue, was bin laden determined to strike in u.s. now, think about that. you're the president of the united states, you get a top secret report saying bin laden determined to strike in the u.s. you should do something. well, we know not enough was done can. we know that the government across the board failed to do what was necessary on potential terrorism, and we had 9/11. i tell you the theme song, the big music in this book i've written that i've tried to present is u.s. economy about to falter. and it's a warn
[applause] and it's a shame it's not part of the dialogue going on in the election. we're going to pay a price for this, and just, you know, the note on your blackberry that we talked about this september 23rd, and when the bridges start burning in or -- in four or five months, i was saying this to somebody. if you remember 9/11, in august of 2001, six weeks before 9/11, there was a top secret intelligence briefing given to president george w. bush. and the headline of that top secret briefing...
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Nov 25, 2012
11/12
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CNNW
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right after an election, the mechanics election begins. i won't say it's the good old days, but when i first came to congress, there was about a year after the election in which you legislated. you got together and passed laws and the president signed them and so on. then by about march or april of the election year things started to get pretty partisan and for the remainder of the year it was hard to get things done that weren't pretty non-partisan because both sides were trying to hold the other in a political way to some kind of disadvantage. we've now taken that to almost beginning the week after the election for a total period of two years. so both parties are trying to set the other party up to make political mistakes and be criticized politically. media plays along with it because it makes good news. i don't know what the answer to that is he but i think that's part of the reason why it's been much more difficult for congress to get things accomplished. >> do you remember good old days? >> i'll give you two good old days, 2007, 2008
right after an election, the mechanics election begins. i won't say it's the good old days, but when i first came to congress, there was about a year after the election in which you legislated. you got together and passed laws and the president signed them and so on. then by about march or april of the election year things started to get pretty partisan and for the remainder of the year it was hard to get things done that weren't pretty non-partisan because both sides were trying to hold the...
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Nov 28, 2012
11/12
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KTVU
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. > alan, as you know, intrade.com correctly predicted what was going to happen with the election, and now it is telling us about the fiscal cliff, and the odds are very low that we will go over that fiscal cliff. so, does this change anything in the trading community other than just not having this outlet? > > i think smart traders stay away from markets like gold and oil because volume is the key. without big volume, you don't distill that information that you need to make a decision. so, i don't think it is going to dissuade anybody. but if you really wanted to trade these markets, just like online poker, there are ways to do it, even if you are in the united states. but they are probably better to stick to the prediction business, because that is what they do best. > the statement appears on intrade's site, as he alluded to. it is calling the report of intrade's death premature, and that there are plans for a new exchange model to make it legal. hugh, any thoughts on what a new model could look like? what can they do, move to the cayman islands? > > they are in dublin right now, so
. > alan, as you know, intrade.com correctly predicted what was going to happen with the election, and now it is telling us about the fiscal cliff, and the odds are very low that we will go over that fiscal cliff. so, does this change anything in the trading community other than just not having this outlet? > > i think smart traders stay away from markets like gold and oil because volume is the key. without big volume, you don't distill that information that you need to make a...
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Nov 27, 2012
11/12
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we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the bigger issue, we are in a slow growth/no growth economy, even after we solve that what are we going to do too move this economy forward? >> what are you advising your clients to do with their money? >> one, a little bit on the conservative side, a normal account would be 50% stocks, 50% bonds, we may be about 40/60, i'm very concerned about the bond market at this point over time. >> treasury, corporates. >> wither in corps pratt, also in some alternative oriented things. secondly, i think we are in a market it makes sense to produce income. if the dow at 13, 14,000 now and 13, 14,000 in three years which could be the situation in a muddling along economy what interest in dividends you produced that period of time. if you believe this isn't going to be a high-growth economy, it leads to you producing it quickly and evenly. >> we got to get to eamonoffers in d.c. the higher tax rate you. >> where are you going to go? >> the dividends is misplaced because yo
we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the bigger issue, we are in a slow growth/no growth economy, even after we solve that what are we going to do too move this economy forward? >> what are you advising your clients to do with their money? >> one, a little bit on the conservative side, a normal account would be 50% stocks, 50% bonds, we may be about 40/60, i'm very concerned about the bond...
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Nov 29, 2012
11/12
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what would you like to see in the election is behind us. what should a proper energy policy look like to do everything you're saying, create jobs and, in fact, take advantage of this opportunity that america has. >> i think the energy policy sometimes is made more difficult than it needs to be. to me, there are three things th that you need focus on. do you want affordable energy, do you want secure energy, and the environmental characteristics you want. we talk about those one at a time. we need to talk about those together. >> let me ask you a few questions about from the investment community. i guess the biggest cloud hanging over the company is this $28 billion judgment by the court in ecuador. what can you tell us about that? what should investors know at this point in time in. >> well, the simple answer, this has been labeled an environmental case, but it's really not. it's actually a fraud that's been perpetrated on hair sholders of our company. we're going to fight it vigorously. basically, what we've seen is u.s. trial lawyers have
what would you like to see in the election is behind us. what should a proper energy policy look like to do everything you're saying, create jobs and, in fact, take advantage of this opportunity that america has. >> i think the energy policy sometimes is made more difficult than it needs to be. to me, there are three things th that you need focus on. do you want affordable energy, do you want secure energy, and the environmental characteristics you want. we talk about those one at a time....
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Nov 27, 2012
11/12
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FBC
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the election may be over, but it sounds an awful lot like it did before the election. back to you. liz: we need to see more action. rich, thank you very much. david: just when rich thought he'd catch up on his beauty sleep, forget about it. ain't gonna happen. all right, we have a panel of small business owners right here to discuss our debt crisis, and now the white house is following our lead, reaching out to small business owners. coming up next, one of the entrepreneurs who actually participated in the meetings. liz: plus, taking apple's theory for a drive. find out the american car maker that's ready to bring hands-free access to drives. drivers. ♪ music is a universal language. t when ias in an accident... i was worried the health care system spoke a language all its own with unidhealthcare, i got help that fit my life. information on my phone. connection to doctors who get ere i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthca
the election may be over, but it sounds an awful lot like it did before the election. back to you. liz: we need to see more action. rich, thank you very much. david: just when rich thought he'd catch up on his beauty sleep, forget about it. ain't gonna happen. all right, we have a panel of small business owners right here to discuss our debt crisis, and now the white house is following our lead, reaching out to small business owners. coming up next, one of the entrepreneurs who actually...
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Nov 27, 2012
11/12
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somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. now, as a practical matter, that's very difficult because it's a very diverse country. you've got incredibly diverse and strongly held views on both sides. i do think the fact that voters have just spoken in an election and have sent a message that they want things to get done, that's a powerful propellant in washington to get things done, which is why we've seen behind me at the white house a parade of people going in to meet with secretary geithner, with the white house chief of staff, with the president. we have more coming tomorrow. lloyd blankfein of goldman sachs. this is an effort by everybody to try to marshall whatever influence these people have with lawmakers to try to get something done. >> okay, john. thank you. john harwood live from the white house. >> we look forward to seein
somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. now, as a practical matter, that's very difficult because it's a very diverse country. you've got incredibly diverse and strongly held views on both sides. i do think the fact that voters have...
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Nov 27, 2012
11/12
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FOXNEWSW
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let's not forget, it was the majority of the people in egypt that elected morsi, elected the muslim brotherhood, and game 7 the musliand gave themuslim bro. over 70% in somethings want thaa law. we're seeing a dictatorship in the making. >> sean: was this radical islamist given a win, and was hamas given credibility whose charter calls for the destruction of israel, giving billions in aid? >> yes, they did, because what this administration is blind to is the fact that hamas is an offshoot of the muslim brotherhood. hamas looked at morsi with respect because he's a leader in the muslim brotherhood. basically we have the morsi and muslim brotherhood camps together coming, fooling the israelis in the world, with a truce, so hamas can rearm itself and come back with a confrontation. >> sean: i agree with you. i think obama and clinton gave hamas and morsi a win here. here's the question here, michael. why don't we cut off any aid to egypt unless and until they have real democracy? would that be fair? >> i am with you, and it is fair. but remember charles krauthammer on your show a few months ago, h
let's not forget, it was the majority of the people in egypt that elected morsi, elected the muslim brotherhood, and game 7 the musliand gave themuslim bro. over 70% in somethings want thaa law. we're seeing a dictatorship in the making. >> sean: was this radical islamist given a win, and was hamas given credibility whose charter calls for the destruction of israel, giving billions in aid? >> yes, they did, because what this administration is blind to is the fact that hamas is an...
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Nov 28, 2012
11/12
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FOXNEWSW
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the president said in his press conference, right after the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure build
the president said in his press conference, right after the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody...
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Nov 27, 2012
11/12
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the president won re-election. there's no realistic chance of this being offer the books in the foreseeable future. i think they have to change really the focus of trying to take down this law. >> greta: a.b., you can talk about that, or the fact that jill kelley, the socialite in tampa in the petraeus/broadwell spat has had her honorary counsel pulled by the country of south korea. >> it's devastating, absolutely. >> greta: devastating? >> really is, but i need to add to the healthcare, because republicans know they'll not going to get a repeal bill with president obama re-elected, but conservative opposition to this has not softened at all, and looking to target implementation, implementation of this law. it's going to be very difficult. everyone looks how the benefits will kick in, and obamacare supporters believe it will just grow more popular. we saw on election night, it was split perfectly down the line, those who wanted a repeal, those who didn't. we're really looking at a problem implementing the act. as y
the president won re-election. there's no realistic chance of this being offer the books in the foreseeable future. i think they have to change really the focus of trying to take down this law. >> greta: a.b., you can talk about that, or the fact that jill kelley, the socialite in tampa in the petraeus/broadwell spat has had her honorary counsel pulled by the country of south korea. >> it's devastating, absolutely. >> greta: devastating? >> really is, but i need to add...
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Nov 27, 2012
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decided that after this election in response to this election what they really need to do is doubly, triply, ban gay marriage. you can't get married right now. it's already illegal, but the republican party decided that their priority for the new session after this selection to extra doubly, triply ban it by changing the constitution of the state of indiana to make it even more illegal than it already is. because you know, why not? law students released a report explaining how the idea for banning gay marriage in the constitution could have broad, unintended consequences for more than 600 other laws already on the books in that state. it's funny. if you listen to the beltway talk about what's going on in american politics, the major narrative about what's going on is about the sort of course correction happening in the republican party. the republican party has learned its lesson. if only in the interest of self-preservation, republicans are giving up on these policy stances that cost them so much in the last election that made their party seem pre-modern. all of the stuff that alien
decided that after this election in response to this election what they really need to do is doubly, triply, ban gay marriage. you can't get married right now. it's already illegal, but the republican party decided that their priority for the new session after this selection to extra doubly, triply ban it by changing the constitution of the state of indiana to make it even more illegal than it already is. because you know, why not? law students released a report explaining how the idea for...
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Nov 22, 2012
11/12
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that election we just had. the one where voters re-elected the obama care guy, the one that had obama in his name, that was but a flesh wound. today boehner wrote an op-ed to the cincinnati inquirer which begins with, quote, president obama has won re-election but as was the case before the election, obama care has to go. if you read on in his op-ed, things get a little strange. boehner went on to share the big plan which is, quote, over the past couple of years i have noted there are essentially three major routes to repeal of the president's law. the courts, the presidential election process and the congressional oversight process. with two of those three routes having come up short, the third and final one becomes more important than ever. vigor us oversight of the health care law by the house can be expected and in fact is already under way. one of these things is not like the other. the courts and the presidential election process, they can actually stop obama care from happening. you get supreme court rul
that election we just had. the one where voters re-elected the obama care guy, the one that had obama in his name, that was but a flesh wound. today boehner wrote an op-ed to the cincinnati inquirer which begins with, quote, president obama has won re-election but as was the case before the election, obama care has to go. if you read on in his op-ed, things get a little strange. boehner went on to share the big plan which is, quote, over the past couple of years i have noted there are...
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plus we had the election and fiscal cliff oncoming. with that, we still got over 2% growth. so even with some kind of drag from higher taxes and spending into next year, without a lot of those -- those severe head winds, you know, i just don't see how with a global -- coordinated global monetary easing policy from the central banks, how you're going to have a worser economy next year and therefore lower profits. >> joe? or josh? >> hi, tony. josh brown. i'm just curious, if you took a look at that gdp third quarter revision from this morning, one of the things i think jumped out most is that really all of the improvement comes as a result of both federal spending and then the other thing -- then the other thing that people don't want to see which is a lot of inventory restocking which i understand is seasonal. but now that's on the backs of the consumers, actually, taking those products out of stores to their homes. are we really going to be able to say that that was a good upward revision? even though the number went up? >> no. frankly, the market would have already priced
plus we had the election and fiscal cliff oncoming. with that, we still got over 2% growth. so even with some kind of drag from higher taxes and spending into next year, without a lot of those -- those severe head winds, you know, i just don't see how with a global -- coordinated global monetary easing policy from the central banks, how you're going to have a worser economy next year and therefore lower profits. >> joe? or josh? >> hi, tony. josh brown. i'm just curious, if you took...
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that's something he saw as a mandate coming out of the election. but absolutely, the spending cuts will be an issue and it will be his responsibility to strong arm some of the democrats who are putting their feet in the and. but i think he acknowledged a willing news to compromise. spending cuts have to be part. megyn: he did say at that press conference he held 10 days ago that spending cuts would be on the table and he did want to look at that. yet the reporting we talked about earlier is he had a meeting with progressive groups yesterday and they emerged very happy believing that wasn't going to be the case. that they were going to emerge happy because he wasn't going to touch any of the so-called social safety net programs. >> charles krauthammer is right it's a dog and pony show. does -- is obama wants to us believe that if the republicans don't act -- if we don't increase taxes, that we are going to fall off this fiscal cliff? because there is another part to this cliff, and that is the spending. cut the spending. megyn, we all know, these ta
that's something he saw as a mandate coming out of the election. but absolutely, the spending cuts will be an issue and it will be his responsibility to strong arm some of the democrats who are putting their feet in the and. but i think he acknowledged a willing news to compromise. spending cuts have to be part. megyn: he did say at that press conference he held 10 days ago that spending cuts would be on the table and he did want to look at that. yet the reporting we talked about earlier is he...
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i assume we are going to be in a trading just like when i saa you the last time before the election. i think they will sweat as. i think everybody will get scared. i think you will be an enormously wonderful buying opportunity for stocks that you like if they cause the market to go down a lot. lou: at which time can be still declare it to be christmas? >> one would hope. we have children. lou: thank you for being here. we will see how it plays out. we will hang on and keep our fingers crossed. white house spokesman sas the president just is really impressed with the ambasdor and does not careabout the consequences of misleading the public on what happened there. we are joined in moments. and the so-called fiscal cliff dominating debate in washington d.c. a lot of talk. what about the finances in state capital all across the country? folksare kind of ignoring another source of -- well, let's say inched. take a look at some of the worst offenders in the "chalk talk" here net. ♪ lou: focus nationwide is on the fiscal health of the federal government, but balancing the budget is not ju
i assume we are going to be in a trading just like when i saa you the last time before the election. i think they will sweat as. i think everybody will get scared. i think you will be an enormously wonderful buying opportunity for stocks that you like if they cause the market to go down a lot. lou: at which time can be still declare it to be christmas? >> one would hope. we have children. lou: thank you for being here. we will see how it plays out. we will hang on and keep our fingers...
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i was just elected. the only thing i'm honoring is the oath that i take that i've sworn in in january. >> that is the sound of cracks forming in grover norquist's facade. he's the guy who gets republicans to sign a pledge that they will never ever under any circumstances raise taxes. but with the fiscal cliff looming, there's a growing consensus that taxes may have to go up. norquist said those who reneged would pay a price. >> would you target some of them? >> we would certainly highlight who has kept their commitment and who hasn't. >> fortunately for grover, but unfortunately for those who want everyone to contribute their fair share there are plenty of republicans caught in the pass, plenty who can't accept that president obama won reelection >> there are some republicans who recognize they did lose and that new revenue new tax revenue will have to be part of any deficit deal. i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mat
i was just elected. the only thing i'm honoring is the oath that i take that i've sworn in in january. >> that is the sound of cracks forming in grover norquist's facade. he's the guy who gets republicans to sign a pledge that they will never ever under any circumstances raise taxes. but with the fiscal cliff looming, there's a growing consensus that taxes may have to go up. norquist said those who reneged would pay a price. >> would you target some of them? >> we would...
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then there was the election and democracy supposedly that put president morsi in place. we have the same crowds back into the square and they're protesting again. he made some moves to try to quell all of this and compromise a bit. were they meaningful though, steve? >> reporter: certainly we are seeing exactly the same scenes, sometimes exactly the same chants that were used against hosni mubarak now being used against the new egyptian president. he did attempt to make a move or an appearance at compromise yesterday. he met with some of his critics, some of the chief judges here in cairo but it is clear his attempts trying to reduce the scale of his power grab is not being met with any kind of approval by the crowds. they're out today in much stronger numbers, really rejecting any hint at compromise. they want him to withdraw this decree completely. they will stand here until that happens. martha? martha: all right. steve, really volatile situation. you've got live pictures on the right here. you can see the kind of camping out scene that we saw during the arab spring.
then there was the election and democracy supposedly that put president morsi in place. we have the same crowds back into the square and they're protesting again. he made some moves to try to quell all of this and compromise a bit. were they meaningful though, steve? >> reporter: certainly we are seeing exactly the same scenes, sometimes exactly the same chants that were used against hosni mubarak now being used against the new egyptian president. he did attempt to make a move or an...
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liz: we will talk about the japanese parliamentary election. thanks to all of you for joining us on the floor. talk about headlines missed. the market practically hugging every word that comes out of washington whether it is president obama making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there is a decline, what will happen if congress recesses without a bridge to get us over the fiscal cliff the market will go down precipitously perhaps 1000 points and it will be the markets way to say let's come back, you made the mistake like they did four years ago. tracy: the market dropped 1000 points or what have you, get
liz: we will talk about the japanese parliamentary election. thanks to all of you for joining us on the floor. talk about headlines missed. the market practically hugging every word that comes out of washington whether it is president obama making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business...
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they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the senators saying this morning the acting c.i.a. director morell told them the al-qaeda references were dropped in the c.i.a. talking points at the request of the f.b.i. because the bureau did not want to compromise an ongoing criminal investigation. but late this afternoon, c.i.a. officials called to correct the record, that it was actually them. rice met with senator joe lieberman who asked if she was coached by the add f before her talk hoe appearances. >> she said no, she was not given messaging points at all by the white house prior to her appearance on those so
they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the...
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is it because it was election season, the house and senate has been out campaigning, the president has been out campaigning? we're now two-plus months into this, and this is -- for lack of a better word -- four homicide. >homicides. >> you have it right. for a while attention was focused on the presidential campaign, succeeded in not letting the story get out until after the campaign. it's now december, and there's still no report for something that happened back in september. there's a reason why the information isn't coming out, and it's because the administration doesn't want it to come out. they can be effective at slow-rolling everybody, changing their stories, and hiding behind there's an fbi investigation going on so we can't talk about. >> greta: what i don't like, and correct me if i'm wrong, it seems like that a lot of conversation on capitol hill is done behind closed doors. i'm always suspicious that things are overclassified as a way to protect the american people from hearing some information. it really isn't classified. am i wrong? >> i watch you religiously, and you mak
is it because it was election season, the house and senate has been out campaigning, the president has been out campaigning? we're now two-plus months into this, and this is -- for lack of a better word -- four homicide. >homicides. >> you have it right. for a while attention was focused on the presidential campaign, succeeded in not letting the story get out until after the campaign. it's now december, and there's still no report for something that happened back in september. there's...
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a post-democratic election power grab by the person elected that led to what some call a theocracy, others call a dictatorship, understanding, robin, they're very different countries and different people what do you think about the comparisons and likelihood what we're seeing in egypt. >> there are more differences than similarities but the reality is the core problem is defining new order. how do you create a different system to replace a dictatorship or autocratic regime and what are the roles of islam in politics? what are the rights for women and minorities and what are the rules about issues like blasphemy and criticism of islam? and these are issues that still have to be dealt with by egypt and the different forces that are currently in conflict with each other. so in that sense we are seeing some similarities with the kind of democratic chaos that followed iran's revolution. jenna: very interesting. judy, your thoughts on this? >> i think there are too many similarities for comfort. i do worry about egypt going in that direction even though, yes, there are many, many differences but
a post-democratic election power grab by the person elected that led to what some call a theocracy, others call a dictatorship, understanding, robin, they're very different countries and different people what do you think about the comparisons and likelihood what we're seeing in egypt. >> there are more differences than similarities but the reality is the core problem is defining new order. how do you create a different system to replace a dictatorship or autocratic regime and what are...
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but look, elections have consequences. it will be the mindset from everything we're hearing and it is a no-go. what i'm asking you is are republicans willing to hold the line, say to the president, i am sorry we will never agree to a deal that involves an increase in taxes? are they? >> i think any deal that passes up here that raises taxes and raises taxes as i mentioned earlier on small businesses, martha, will not enjoy republican support. now there may be enough republicans who would vote for something like that to pass in the house of representatives, they need 218 votes. martha: then it would be done, right? >> we'll see about that. we don't know what the down tours of a final deal might look. everybody is sort of in their corners and doing their posturing. frankly we need a plan from the president. republicans put forward on multiple occasions a plan that would reform taxes, that would reform entitlements, that gets us where we need to go. we're waiting for any ideas from the administration that would accomplish the
but look, elections have consequences. it will be the mindset from everything we're hearing and it is a no-go. what i'm asking you is are republicans willing to hold the line, say to the president, i am sorry we will never agree to a deal that involves an increase in taxes? are they? >> i think any deal that passes up here that raises taxes and raises taxes as i mentioned earlier on small businesses, martha, will not enjoy republican support. now there may be enough republicans who would...
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the political reason is we had an election. the american people decided tax rates were going to go up for the top 2% of income earners. the republicans tried the alternative approach, they didn't win. move on. the fife is off -- the philosophical approach, we tried under the bush economy and it didn't help. >> sure it did. >> every single republican under the clinton administration, the economy took off and created 22 million new jobs. don't tell me tax increases will ruin the economy. warren buffett wrote an op-ed, it's a lame outdated discredited argument from the gop. stop repeating the talking points. >> larry elder, i'll give you the last word. >> may i respond. the clinton income tax hikes underproduced revenue based upon their projections. they got in less money than they thought. when clinton lowered capital gains they got in far more revenue than they thought. cutting taxes is expansionary and raising taxes is contractionary. >> this discussion still comes down to spending. >>> a man in washington who has never wavered
the political reason is we had an election. the american people decided tax rates were going to go up for the top 2% of income earners. the republicans tried the alternative approach, they didn't win. move on. the fife is off -- the philosophical approach, we tried under the bush economy and it didn't help. >> sure it did. >> every single republican under the clinton administration, the economy took off and created 22 million new jobs. don't tell me tax increases will ruin the...
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how he won the election. with a giant p.r. offensive. we'll be losers because it doesn't change the policy. i don't begin to know how harry reid thinks or how his brain works. if you believe what nancy pelosi said, she said if you want to look what our plan is for medicare look at obamacar obamacare. i wonder if that's the cuts they made to medicare denied in the election, if they take credit for those. this is really scary, because he is trying to rally people on his side. he believes they think they should tax the rich. he doesn't even have the will of his party. chuck schumer says no, got to be $1 million or more. and conservative senators up for re-election in two years saying no way. >> bob: let's remember that he took a lot of heat the last time around when he got to the debt ceiling, debt ceiling issue. he was negotiating the whole time. not out in the country campaigning. this time around they decided that strategy, staying in washington. dealing with the republicans. >> eric: what though? who is he campaigning? one size says rai
how he won the election. with a giant p.r. offensive. we'll be losers because it doesn't change the policy. i don't begin to know how harry reid thinks or how his brain works. if you believe what nancy pelosi said, she said if you want to look what our plan is for medicare look at obamacar obamacare. i wonder if that's the cuts they made to medicare denied in the election, if they take credit for those. this is really scary, because he is trying to rally people on his side. he believes they...
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>> well, firstly, the democrats are increasingly feeling good election, election results. they felt like they had dodged a bullet. now they feel like, hey, we've got a mandate, and that's for higher tax rates. what it comes down to for the democrats now, can the president with the help of the establishment press apply constant pressure every day for the next month to say the republicans are being reckless with people's tax rates? if they pressure enough, enough republicans will break away, and then the president not only will get the tax increase he wanted, but he'll also be in a much stronger position when it comes to negotiating the next round of this stuff. megyn: is that likely to happen? because these house republicans, if you look on a national basis, the mesh people want to -- the american people want to see taxes go up on the rich, and they don't like spending cuts when it comes down the specific programs. do you want to see social security messed with? no. medicare? no. medicaid? no. those are the big three entitlement spending. so the american public on a general
>> well, firstly, the democrats are increasingly feeling good election, election results. they felt like they had dodged a bullet. now they feel like, hey, we've got a mandate, and that's for higher tax rates. what it comes down to for the democrats now, can the president with the help of the establishment press apply constant pressure every day for the next month to say the republicans are being reckless with people's tax rates? if they pressure enough, enough republicans will break...
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the dow jones is down 236 points or 1.8% since election day. the question, and this gets us to the main subject today, how much of that do you believe is investor concern about the fiscal cliff? >> when we surveyed our investors, 83% were concerned about the fiscal cliff and the long term national debt. what you've seen, a pullback in the equity markets. we had through the third quarter of this year an equity market up 15%. up 30% year over year and auto you're seeing a pullback from that at that time. couple things, one, when you think about making investment decisions, make investing decisions first. it's national to think about rebalancing. when we construct portfolios we focus on the long-term and not short term vagaries of the market. it happens constantly. you look for opportunities where equities appreciated to rebound to fixed income or cash where appropriate. >> i'll come back to the fiscal cliff and impact on investors. mr. shay, how aware are consumers about the coming fiscal cliff and do you get the sense that they are fact organize
the dow jones is down 236 points or 1.8% since election day. the question, and this gets us to the main subject today, how much of that do you believe is investor concern about the fiscal cliff? >> when we surveyed our investors, 83% were concerned about the fiscal cliff and the long term national debt. what you've seen, a pullback in the equity markets. we had through the third quarter of this year an equity market up 15%. up 30% year over year and auto you're seeing a pullback from that...
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they know they've elected him once. they elected him again because they want to get a series of things done. the president ran on an agenda so there's a lot we need to get accomplished. ofa, obama for america, those millions who helped get the president elected, they want to get that agenda done. so i think you'll see a pretty mobilized group of people across this country who have a real stake in the outcome of what happens in washington. >> you tried to tap into that. when you were at the white house, you trade to tap into this core group of people that is different, the obama coalition, it is sort of i think we're going to look back on it and say this isn't a democratic party coalition, it's an obama coalition. it was a reagan coalition that he could mobilize. you seem to struggle to do it on policy. why was that? >> let's look at who that coalition is. it's latinos all across the country. it's young people. it's which will. it's african-american, it's middle class families. take a look at what the president wants to
they know they've elected him once. they elected him again because they want to get a series of things done. the president ran on an agenda so there's a lot we need to get accomplished. ofa, obama for america, those millions who helped get the president elected, they want to get that agenda done. so i think you'll see a pretty mobilized group of people across this country who have a real stake in the outcome of what happens in washington. >> you tried to tap into that. when you were at...
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we elect the same people. thanks for sharing. that's it from washington. see you next send. >> chris: i'm chris wallace. people take to the streets of cairo to protest the egyptian president power grab and fallout continues over the benghazi terror attack. we'll discuss the situation in egypt. the cease-fire in gaza, and the libya investigation when we sit down with senator john mccain. it's a fox news sunday exclusive. then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a thanksgiving tradition, our power player of the week has me dancing with turkeys, all right now on "fox news sunday." >> chris: hello again from fox news in washington
we elect the same people. thanks for sharing. that's it from washington. see you next send. >> chris: i'm chris wallace. people take to the streets of cairo to protest the egyptian president power grab and fallout continues over the benghazi terror attack. we'll discuss the situation in egypt. the cease-fire in gaza, and the libya investigation when we sit down with senator john mccain. it's a fox news sunday exclusive. then is the looming fiscal cliff casting a shadow over shoppers and...
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from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin with. if you look at treasuries overlaid on top of equities, until mr. boehner's comments, the treasuries have taken the big picture on all of this. they're not going anywhere fast. fiscal cliff is important, but there's a lot of issues for the next several years that are going to be important to the treasury market. once his comments were made, equities got a little volatile. you can see that was it. the treasury traders pretty much stopped trading, and it's been light volume ever since. >> but one issue, i guess, isn't there so much room to disappoint this market? given the fact the it is moving so much on any co
from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin...